Shandong Hongyu Precision Machinery Co (SZSE:002890) 3-Year Dividend Growth Rate : 11.10% (As of Mar. 2024)

Competitive Comparison of Shandong Hongyu Precision Machinery Co's 3-Year Dividend Growth Rate

For the Farm & Heavy Construction Machinery subindustry, Shandong Hongyu Precision Machinery Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shandong Hongyu Precision Machinery Co's 3-Year Dividend Growth Rate Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Shandong Hongyu Precision Machinery Co's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Shandong Hongyu Precision Machinery Co's 3-Year Dividend Growth Rate falls into.

Shandong Hongyu Precision Machinery Co 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Shandong Hongyu Precision Machinery Co  (SZSE:002890) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Shandong Hongyu Precision Machinery Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

During the past 12 years, the highest Dividend Payout Ratio of Shandong Hongyu Precision Machinery Co was 1.13. The lowest was 0.45. And the median was 0.61.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Shandong Hongyu Precision Machinery Co Ltd is 1.06, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

During the past 12 years, the highest Dividend Yield of Shandong Hongyu Precision Machinery Co was 1.44%. The lowest was 0.21%. And the median was 0.60%.

Good Sign:

Shandong Hongyu Precision Machinery Co Ltd stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shandong Hongyu Precision Machinery Co 3-Year Dividend Growth Rate Related Terms>

Shandong Hongyu Precision Machinery Co (SZSE:002890) Business Description